Northvolts

Northvolt is a Swedish company specializing in the development and production of lithium-ion battery cells and storage systems. Founded in 2016 by Peter Carlsson and Paolo Cerruti, the company aims to drive the transition to sustainable energy by providing high-quality, sustainable, and cost-effective battery solutions. The name "Northvolt" is a combination of "north" and "volt," reflecting the company's Scandinavian roots and its focus on electrical energy storage.

Northvolt's primary goal is to establish a sustainable battery industry in Europe. The company's first gigafactory, Northvolt Ett, is located in Skellefteå, Sweden, and is expected to have a total production capacity of 40 gigawatt-hours (GWh) per year when fully operational. The facility is designed to be one of the greenest battery factories in the world, with a focus on using renewable energy sources and minimizing environmental impact.

In addition to its manufacturing operations, Northvolt is also involved in research and development. The company's Northvolt Labs in Västerås, Sweden, serves as a hub for innovation, where engineers and scientists work on developing next-generation battery technologies. Northvolt has also established partnerships with several leading companies in the automotive and energy sectors to support the development and commercialization of its battery solutions.

Northvolt has received significant investment from various sources, including the European Investment Bank, the Swedish state, and private investors. The company's vision is to become the leading supplier of sustainable battery solutions in Europe and to play a key role in the global transition to a low-carbon economy.